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“protest is the message: income inequality is grinding down that middle class, increasing the ranks of the poor, and threatening to create a permanent underclass of able, willing but jobless people. On one level, the protesters, most of them young, are giving voice to a generation of lost opportunity.”

EDITOR’S NOTE: This Times editorial has it right. Washington law enforcement and regulators should be listening to the people and not the bankers. But even here, the Times refuses to address the essential problem that brought us to this brink: the banks’ manipulation of the housing market into nearly complete destruction, thus dragging the entire economy down, the prospects for employment dwindling, and the prospects for a better future bleak, at best. We must be willing to take on the banks, hold them to the rule of  law, and that will stop the foreclosures, allow the housing market to at least start a recovery and take the heat off of an economy that can’t stand the pain.

October 8, 2011

Protesters Against Wall Street

As the Occupy Wall Street protests spread from Lower Manhattan to Washington and other cities, the chattering classes keep complaining that the marchers lack a clear message and specific policy prescriptions. The message — and the solutions — should be obvious to anyone who has been paying attention since the economy went into a recession that continues to sock the middle class while the rich have recovered and prospered. The problem is that no one in Washington has been listening.

At this point, protest is the message: income inequality is grinding down that middle class, increasing the ranks of the poor, and threatening to create a permanent underclass of able, willing but jobless people. On one level, the protesters, most of them young, are giving voice to a generation of lost opportunity.

The jobless rate for college graduates under age 25 has averaged 9.6 percent over the past year; for young high school graduates, the average is 21.6 percent. Those figures do not reflect graduates who are working but in low-paying jobs that do not even require diplomas. Such poor prospects in the early years of a career portend a lifetime of diminished prospects and lower earnings — the very definition of downward mobility.

The protests, though, are more than a youth uprising. The protesters’ own problems are only one illustration of the ways in which the economy is not working for most Americans. They are exactly right when they say that the financial sector, with regulators and elected officials in collusion, inflated and profited from a credit bubble that burst, costing millions of Americans their jobs, incomes, savings and home equity. As the bad times have endured, Americans have also lost their belief in redress and recovery.

The initial outrage has been compounded by bailouts and by elected officials’ hunger for campaign cash from Wall Street, a toxic combination that has reaffirmed the economic and political power of banks and bankers, while ordinary Americans suffer.

Extreme inequality is the hallmark of a dysfunctional economy, dominated by a financial sector that is driven as much by speculation, gouging and government backing as by productive investment.

When the protesters say they represent 99 percent of Americans, they are referring to the concentration of income in today’s deeply unequal society. Before the recession, the share of income held by those in the top 1 percent of households was 23.5 percent, the highest since 1928 and more than double the 10 percent level of the late 1970s.

That share declined slightly as financial markets tanked in 2008, and updated data is not yet available, but inequality has almost certainly resurged. In the last few years, for instance, corporate profits (which flow largely to the wealthy) have reached their highest level as a share of the economy since 1950, while worker pay as a share of the economy is at its lowest point since the mid-1950s.

Income gains at the top would not be as worrisome as they are if the middle class and the poor were also gaining. But working-age households saw their real income decline in the first decade of this century. The recession and its aftermath have only accelerated the decline.

Research shows that such extreme inequality correlates to a host of ills, including lower levels of educational attainment, poorer health and less public investment. It also skews political power, because policy almost invariably reflects the views of upper-income Americans versus those of lower-income Americans.

No wonder then that Occupy Wall Street has become a magnet for discontent. There are plenty of policy goals to address the grievances of the protesters — including lasting foreclosure relief, a financial transactions tax, greater legal protection for workers’ rights, and more progressive taxation. The country needs a shift in the emphasis of public policy from protecting the banks to fostering full employment, including public spending for job creation and development of a strong, long-term strategy to increase domestic manufacturing.

It is not the job of the protesters to draft legislation. That’s the job of the nation’s leaders, and if they had been doing it all along there might not be a need for these marches and rallies. Because they have not, the public airing of grievances is a legitimate and important end in itself. It is also the first line of defense against a return to the Wall Street ways that plunged the nation into an economic crisis from which it has yet to emerge.

37 Responses

  1. please never forget why we are in this they have stolen our homes have you heard this at all on the mainstream media???


    the secret they do not want us to know

  2. @etolle.

    I thought I’d try a new approach.

    oh well.

    Here ‘s my usual approach;;;;;;;;;;;;;;;;;;;

    FU TNHARRY and Pat.

    but ———-on another point of topic, and that would be money

    PLEASE, I ask all 99% to stop using credit.


    that will end the game of the 1%……………….

    please you must understand…………..

    that is their game…………………..to get you to use credit or IOU’s————-sign here……………………..

  3. @leapfrog – would it be possible for you to post links to those MERS articles? Save me a lot of time hunting for them. thanks

  4. If you look on any of the major newspaper articles on MERS especially, you will find “the shill” there – defending them to the last. I don’t think “the shill” has time to actually work for any attorneys, as it claims to do; not with the multitude of bankster and MERS defending comments. I think “the shill” is a paid astroturfer and propagandist for MERS and not a very good one at that.

  5. @ e.Tolle
    Thanks re disclosure of this bloodsucker’s game
    LFI Analytics-im checking it too now. Question should be is he aiding and abetting fraud? Pat—–you now have the attention of a lot of people. Beware what you ask for –you may get it.

    The banks are definitely looking for sacrificial lambs to throw under the wheels of the bus now–maybe you ?

  6. Carie, unfortunately for all of us, moral compasses can’t be bought. I’m not even sure how well they can be repaired. Possibly when Pat has his home taken and his belongings tossed to the curb, he’ll explain to his kid how life isn’t fair and that if it weren’t for greedy borrowers, they’d still be in their house. Maybe, just maybe at that moment his heart will grow three times its size, and he’ll embrace humanity’s plight as his own and be a defender of right from now on. Probably not.

    A Man, they are a cancer. Can they get more?

  7. E. Tolle I couldnt have said it better. I would just add instead of putting Pat and his friends in jail I would much rather them get inoperable Testicular Cancer for the Men and ovarian cancer for the women.

    Jail is too good for these people.


  8. Pat just reads this stuff and laughs with his cronies…he doesn’t believe fraud exists anywhere in the world…he has no moral compass…no compassion…no ideas….he enjoys seeing people tortured. Unfortunately, these kinds of humans exist.

  9. The bottom line for me is this, this guy Pat is in the business of helping lenders foreclose on borrowers, end of story. He does this through his company LFI Analytics. From LFI’s website, LFI claims to offer a “Litigation Defense Exam for the Lender or Servicer who is the subject of litigation… the exam may be used to not just defend against the lawsuit, but to also allow for a Lender Countersuit to be initiated, if desired.”

    There are way too many people being railroaded by the present justice system, or the lack thereof, without morons like Pat aiding and abetting the heavily stacked fraudulent apparatus in place. Put simply, THEY ARE ON THE WRONG SIDE OF THE LAW!

    It’s my sincere hope that this guy, along with the creditors he assists, will all find themselves in front of the bench receiving lengthy prison terms for the massive fraud being perped on mankind.

    If in fact anyone here would like to entertain Pat’s take on how the borrowers gamed the system causing untold losses to the banking system, by all means go for it. Just don’t mind me off in the corner throwing spit bombs and generally acting like a childish school kid trying to ruin the adult conversation. I personally have nothing but pity and disdain for the likes of Pat who have such a limited knowledge of current affairs and who are OK with making money off of a system that is causing immense suffering in untold numbers of people as we speak. I’ve said it before and I’ll reiterate, Pat can kiss my ass.

  10. @PAT, A-Man, E.Tolle

    On another thread in this site Pat gave his views on the OWLS scene and respectively places blame on individuals for creating their own mess.

    A-Man and E.Tolle responded and disagreed with his views.

    I can agree with Pat’s views and A Man & E.Tolle,

    I think Pat needs to expand his views. Hussman here gives a pretty good view. And Neil has stated this view as well:

    “Unfortunately, over the past 15 years or so, the basic function of the financial markets has been corrupted into what I’ve grown to view as a self-serving carnival of speculation, where many participants are interested in nothing except getting the next rally going at public expense, regardless of how badly market signals are distorted, how recklessly capital is misallocated, or even whether what they do has any positive effect on the economy or the country (some of the sleazier ones even have their own shows on basic cable).”


    I, for one, think Wall St has corrupted the entire world since 1913 when they created the Federal Reserve System of Banks. But, hey it’s a game. When you can control the rules of the game by getting new rules passed (regulation and US Codes and State Codes) via the Judicial Branch why you got everybody. This is apparent and why getmoneyout.com is important. Wall St has taken over the Government and many senators have said so.

    Now remember this game (and we call it capitalism), see above link:

    “So for example, professional football players earn more than teachers not because playing football has more virtue, but because professional football players are among a very small group, and distribute their “services” over millions and millions of spectators, each which implicitly pays a few cents to each player per game. Mark Zuckerberg at Facebook is able to distribute his services across hundreds of millions of users, each which implicitly pays him a tiny amount by viewing advertising. Bill Gates distributed his services over every computer that ran Windows, while the factory workers who built those computers were each able to distribute their skills over a smaller number of units. Teachers represent a large professional group, but are typically able to distribute their services over a limited number of students, each which implicitly pays a portion of their family’s income to the teacher. One-on-one aides tend to earn less, despite often being extremely skilled, because in order for them to earn a high income, their earnings would have to capture much of the income of their single student’s family.”

    as per Hussman article I agree that this is a valid game and is how one gets rich and nothing wrong with it. I think all can agree unless of course if you are a socialist you would not agree.

    But changing the rules constantly in the game is not very fun which is what the banks & Wall Street do.

    As an example in changing the rules, this was done via MERS as a game employed to change the rules without getting everybodies agreement per se but just sort of sneaking it in and hoping it becomes reality or Agreement.

  11. @ John Gault, none of my business granted, but is there a reason you’re hoping that someone besides yourself is hoisting the MERS sign at an occupation near you?

  12. Come One, Come All! An event like no other–a chance to hear and ask questions to April Charney, the foreclosure defense attorney who was on the forefront of the movement.

    April will be joined by Matt Weidner, Lane Houk, the iconic author Henry P. Trawick, who wrote the book on Florida procedure and the incredible Lisa Epstein (of course Michael Redman will be there doing his magic). (There’s a rumor that Alan Grayson may pop in).

    Come help us SHIFT THE CONSCIOUSNESS around the foreclosure situation, change the energy, and move forward into a NEW DAY.

    PRESS RELEASE–Please post wherever you can.

    For immediate release.

    Foreclosure Event Hosts Two Most-Famous Florida Attorneys

    April Charney, nationally-known foreclosure defense attorney from Jacksonville Area Legal Aid, hero to many as the Mother Theresa of foreclosure defense, has joined the all-star lineup of speakers at the “Save Your Home” event.
    “Save Your Home” is a FREE day-long foreclosure defense workshop to be held on Saturday, October 15, at the Unity Church of Sarasota, 3023 Proctor Road, from 9-5.
    Ms. Charney joins Mr. Henry P. Trawick, Jr., iconic author of Trawick’s Florida Practice and Procedure. Mr. Trawick’s speech is titled “The Foreclosure Mess.” Matt Weidner, prominent Tampa foreclosure defense attorney and Lisa Epstein, widely-quoted citizen/advocate and owner of ForeclosureHamlet.com will round out the speakers. Attorneys from GulfCoast Legal Services and other local attorneys will also be on hand to answer questions about the latest news and foreclosure defense strategies, and to discuss proposed changes to mortgage/foreclosure laws in the 2011-2012 session of the Florida legislature. This is a terrific opportunity for all Floridians to get FREE advice from dedicated consumer attorneys who are anxious to support the members of their community.
    There will be a free screening of the Academy Award-winning movie, Inside Job, at 7 p.m.
    The event is being sponsored by The Mortgage Justice Group, an organization of citizens helping citizens in foreclosure. For additional information, please call the Mortgage Justice Group at (941) 504-4873 or email mortgagejustice1@yahoo.com.

  13. @Diane – good for you! I hope there is at least one DOWN WITH MERS,

  14. Oh…if Stopa practices in bk as well as other courts, he is the exception to the rule, so kudos on that score.

  15. I am protesting – Occupy ‘San Diego over the weekend, 2,000 strong, young and old – I will be in every protest I possibly can – I believe this is the most wonderful movement in America since I protested the VietNam war in the late 60’s –


  16. @swarmthebanks – PUHlease avail yourself of the information at FNMA’s
    website. The website has all the info on ‘modifications’ that FNMA hands out to the servicers. YOU can read it. Anyone can. I’m gonna open myself up for criticism I suppose, but whatever: there is a way to help yourself and people who want relief on their loans aren’t going for it. Don’t you get it how powerful being armed with info is? I’m no smarter than many people here. I spent every minute I could doing research (but not at length on what you need to research)and I have a bigger vocabulary. Get off your tails, those of you who want the modifications and do the stinking research. If a group of you had concerted your efforts, even a small group, you’d probably have it nailed by now, and then frankly, instead of freaking out about the injustice of it all, you could probably do something about it for yourselves and inform others.
    Organize – you’re not alone. Take FNMA memo’s and dole them out. You can do it.
    And stb, I don’t know what if any court you’re in, but if it were important for me to have a judge know I was told to default and the other guys are lying, I would use my own sworn affidavit and attach it to a pleading. Don’t forget – I’m not an attorney. It’s just what I’d do because I would see it as better than doing nothing. It’d be helpful if you could recite names and dates of the people who told you that. And your notes made at the time of the occurrence(s) might be admissable when attached to the affidavit and marked as a true and correct copy of your original notes and then sign it. I don’t know the exact benefit you seek, btw, in showing you were told to default. I suppose it’s that they turned you down after urging you to wreck your credit. I don’t mean to make light of something so serious; it’s just that because I’m NOT an attorney and am not knowledgeable about those particular issues, I couldn’t speak to the benefit of “proving” it. I have only seen those ‘wrecked my credit’ allegations in a cursory fashion so no bum
    steer from me about the benefit.

  17. Occupy Wall Street !
    Remove the wrecking crew .

  18. Well, color me whatever, but I don’t agree with Mr. Stopa because the bankster will get relief from stay in a bankruptcy. No court is going to let a delinquent homeowner skate on payments during the term of the bankruptcy.
    You MIGHT be able to work out a deal on the arrears as long as you otherwise make the payments as due during your bk, but there is no
    “right” to that, imo, so you have to work to get it.
    The only good news is that a bk does stop foreclosure long enough to give one some breathing room and re-group. And, there is solid case law, also in my lay opinion, which says that (the inevitable) relief from stay is not determinative of the bankster and the homeowner’s rights, altho banksters like to pretend it is.
    In other words, if you’re up for the battle, you can still meet the bankster
    in state court if the bk court has granted relief from stay.
    Or, one can always fight the motion for relief. There is stratgegy involved, and that requires an attorney who knows s from shortcakes, and in that regard, I’m not saying Mr. Stopa wouldn’t, of course. A big problem for homeowners is finding an attorney who is competent in different venues – bankruptcy, state, and federal courts. A particular strategy might entail litigation in one or more venues. The attorneys I have come accross who practice bk law are not familiar with the rules of other venues and wisely won’t “cross over”, and ditto on the other way around. Many bk attorneys have never been involved in ‘litigation’, believe it or not. They practice bankruptcy, which is often sop, and haven’t been involved in the litigation of an adversary proceeding, whch is a lawsuit within mol a bankruptcy filling adjudicated in the bankruptcy court. I’m not dissing on them – until this MERS-enabling mess, there was little need for actual litigation in bankruptcy outside the occasional argument with a credit card collection company, say. Sometimes bigger issues are fought in bk adversary proceedings, also.

    A friend of mine got all hopped on, for instance, on this one BK attorney who had this grand plan to save the day. I looked him up and he had not even been in one adversary proceeding. If it were me, I’d have to pass except that I don’t think there are enough homeowner advocates to go around, so there’s that. And also, I’m not saying one always needs an
    adversary proceeding in bk to shut down the banksters. Some attorneys have successfully done it in the context of the bankruptcy proceeding without one.
    The other thing about BK courts which is not negligible is that they are more keen on the real party in interest issues, in a nutshell.

  19. Meet the Wall Street thieves who are kicking home owners to the curb !
    Approved by Obama and his administration.


  20. We know the main problem, the meat of this bubble was decided upon in the real estate sector, and the residential collapse will drag hospitality and commercial assets and speculative capital into the black hole as well, academic properties are covered by the student loan bubble.

    The mechanics of the above is old and complex, a good 30 years in the formative plumbing.


    So what can we say?

    1. There are many systemic problems convoluted into a septic systemic set of symptoms in finance and governmental bed relations. So, that is why “the message is unclear”, it is complex.

    2. This is the salad days. As the meager 1% of anyone whose actual ahhss is to the burner, we are getting this response from empathy. That 10% in the crunch zone, will grow. %0 million are on the government teat, 200 million are pay check to pay check saddled with a 60,000 dollar shadow lost embedded into the multi-trillion dollar bank presto act.

    3. This will not go away, and it is designed to turn to higher and higher realms of establishment protection. Let’s face it, half the cops will be protestors when this black-hole hits true critical mass shortly.

    So give it time, America and the EU and others on that tortilla have nowhere to go but down, this is just the lighting of the match, which will touch fuse, and so on.

    Patience my dear boy, patience, LOL.

  21. thank you ann for posting that gives us alot to think about

  22. Nyle Lavale Esq. memo on Bankruptcy

  23. Bankruptcy in the Beginning – A Dissent from my Colleagues

    Posted on October 7, 2011 by Mark Stopa

    This memo written by foreclosure defense attorney Nye Lavalle is making waves around the internet, as it’s been re-posted by foreclosure defense colleagues such as Matt Weidner and Ice Legal. The basic point of the memo is that homeowners shouldn’t rush into bankruptcy court, that they should fight their foreclosure case first (then file bankruptcy as a last resort). I respect Nye, Ice, and Matt a lot, but I respectfully disagree with their take on this issue (hence the title of this blog – Bankruptcy in the Beginning – A Dissent from my Colleagues).

    First off, I absolutely agree with the concept of homeowners fighting their foreclosure lawsuit with a bright foreclosure defense attorney. At this point, with all of the foreclosure fraud and the legitimate arguments about a bank’s lack of standing, there should be no excuse for any homeowner not to retain a foreclosure defense lawyer, especially with the low rates being charged nowadays.

    My point, simply, is this. In my view, contrary to what the memo indicates, it is eminently reasonable, if not better, for many homeowners, to file bankruptcy FIRST, then defend their foreclosure case afterwards.

    Unfortunately, many homeowners, and even some lawyers, incorrectly believe if they file bankruptcy then they automatically and contemporaneously lose their home. Generally, it doesn’t work that way.

    Part of the confusion lies in the term “surrender.” When homeowners file Chapter 7 bankruptcy, they often “surrender” the home, which, in layman’s terms, means they’re giving up the home as part of the bankruptcy. The bankruptcy trustee, at that point, has the discretion to do with the home what he/she wants. For instance, the trustee can sell the home to a third party. However, when the home is underwater, as many homes are when homeowners file bankruptcy, the trustees often don’t sell the home – not because they can’t or don’t want to, but because there simply aren’t any buyers. After all, who wants to buy a home when there is a mortgage on the home that exceeds the home’s value? Hence, what often happens is that title to the home remains vested in the homeowner, even after the bankruptcy is concluded. In other words, the homeowner typically still owns the home (subject to the mortgage) even after the bankruptcy is over.

    What does that mean? Simple. The homeowner can fight the foreclosure lawsuit in state court, with an experienced foreclosure defense attorney, even after the bankruptcy is over. If that sounds off to you, think of it this way – the homeowner still owns the home, even after the bankruptcy, so the bank has to win a foreclosure judgment against the homeowner to divest the homeowner of title.

    Now for the important part.

    Why would anyone choose to file bankruptcy first, rather than wait to file bankruptcy at the end of the foreclosure process, as Nye (and others) suggest? Simple. Suppose you file bankruptcy in the beginning of the foreclosure process, your bankruptcy has concluded, and you’re still living in your home, defending the foreclosure lawsuit against you in state court. If you’re able to save money while that case is pending (since you’re not making monthly mortgage payments), then you are entitled to keep that money. It’s yours. By way of example, if you save $500/month for 24 months after the bankruptcy is over while the foreclosure case is pending, that $12,000 is yours to keep. There’s no risk of having to turn over that money to the bank or any other creditors – you’ve already eliminated those debts via the bankruptcy.

    Conversely, suppose you fight the foreclosure in state court, don’t file bankruptcy right away, and save money while the foreclosure lawsuit is pending. The same 24 months pass, you save the same $500/month, and then you file bankruptcy. In that scenario, you generally don’t get to keep that $12,000 – it’s an asset which must be turned over to the bankruptcy trustee. (Alternatively, if you don’t file bankruptcy, lose the foreclosure, and a deficiency is entered, you’ll likely lose the $12,000 to the bank.)

    In these two scenarios, the conduct was the same – bankruptcy, foreclosure defense, and saving $500/month for 24 months – but by filing the bankruptcy at the beginning of the process, you come out of it with $12,000, whereas by filing at the end, you likely lose that entire $12,000.

    By no means does this mean that everyone should file bankruptcy in the beginning of the foreclosure process. For some clients, bankruptcy doesn’t make sense. For others, it’s better to wait and see what happens. However, for many clients, it absolutely makes sense to file bankruptcy at the beginning of the process.

    How do you know if you fit into this boat? Generally, I’d say if your income is $50,000 or less, you have little in the way of assets, your house is underwater, you have significant debts (credit cards, deficiency), and you think you can save money while the foreclosure lawsuit is pending, then it makes sense to file bankruptcy early on. Otherwise, you may find that you’ve fought your foreclosure lawsuit and saved money, but lost your foreclosure case, had to file bankruptcy, and had to give up the money you saved (or, if you don’t file bankruptcy, that you’ll lose the money you saved to the bank or other creditors).

    I realized, some time ago, that bankruptcy goes hand-in-hand with foreclosure defense. That’s why Stopa Law Firm handles foreclosure defense and bankruptcy. By handling both, I think we give homeowners the best of both worlds, using the tools of foreclosure defense and bankruptcy to best fit homeowners’ needs. Often, the two work hand-in-hand, and I hope these examples illustrate that.
    Mark Stopa


  24. Remember the prisons: America has already locked up a greater percentage of its population than any other country in the world.

    Ahh – exactly where are we going to imprison the 3-4 million citizens who are very shortly going to require incarceration? Pelican Bay in California?

    I can’t wait to see the synergy which will follow from mixing up the left-wing disillusioned with the long-term high-security prisoners. It’s going to be marvelous to behold.

    The ultimate end-game will probably be a war with China: that’s pretty much how these things always play out.

  25. The reason the Times may have for not expressly noting the predatory MBS and securitization could be that by now, its just on a list of egregious injuries done by them. They did very much the same thing, bait n switch oans—facilitated in excess of what the property worth etc—to governmental entities —municipalities and local govts and natl governments. The amount appears to be as much as $8 trillion.

    But it remains unclear how it was divied up—one can only guess some went to the sudden increased demand for paintings and super-jumbo yachts and private 747’s.

    The question that I am trying to sort out is where there should in effect be Nuremburg-type trials. Much like the Nazi’s plundered Europe—-so have the banks –and also the US home industry and taxpayer debt–dollar-user inflation–many damages here. The Greek stuff would have hurt us even if we had no mortgage debacle here.

    The laws violated reach out a across two continents–so far—passive investors globally–insurers, pension funds–anybody who worked and saved is now getting reamed again—across 2 continents. Thus it is international crime–subject to international crimes against humanity type stuff–intentionally did acts that are the direct cause of great human suffering. This tests the legitimacy of the entire international legal system—who will prosecute them? Who will go slap a lien on the Yacht and seize and sell it to a cruise line for well off but not theivery rich riders? Who will grab Loyd Blankfein’s various properties and prosecute him–in what language—do we get 1st dibs on prosecuting him–or do the Germans have to extradite him?

    There should be a show trial like the watergate hearings where they line them up and toturously crossexamine them for days. Manadatory prison–squelers get short terms—or time served whil in protective custody?

    Blankfein is absolutely the best to do–because he just looks hateful—its easy to dislike him, its easy to disbelieve him–easy to convict. Goldman did Greece–Greece and Eu investors should have him–if they are going to prosecute——-so instead of all this —they just turn on the printing presses across the globe—-hand out bushel baskets with wet ink still on the $$ rather than seize Blankfein—he must have a file on every major politician.

  26. If the rule of law is that any debt restructuring first requires a default, then the banks are simply following orders, no?

  27. Oh and another thing. The banksters are not gonna take this lying down. They will continue to no avail with their tricks.

  28. Everybody knows what is going on. Obama and the Attorney Generals especially the one from California who’s biggest alleged clients (campaign contributors) are Brian Cave, LLC BofA’s Attorneys and BofA, need to understand that they will go to jail. If they are lucky. Kamala Harris already has lawsuits against her in Federal courts and Darrel Issa is already foaming in the mouth regarding Eric Holder and Fast and Furious (Selling Guns and Ammo to the Drug Cartels as a sting operation, what a moron).

    People from afluent neighborhoods are getting hit and hit hard. They have something to loose. Their Down payments, Money they put into there houses, investments properties both residential and commercial. There businesses going down the toilet.


  29. Everybody knows what is going on. Obama and the Attorney Generals especially the one from California who’s biggest alleged clients (campaign contributors) are Brian Cave, LLC BofA’s Attorneys and BofA, need to understand that they will go to jail. If they are lucky. Kamala Harris already has lawsuits against her in Federal courts and Darrel Issa is already foaming in the mouth regarding Eric Holder and Fast and Furious (Selling Guns and Ammo to the Drug Cartels what a moron).

    People from afluent neighborhoods are getting hit and hit hard. They have something to loose. Their Down payments, Money they put into there houses, investments properties both residential and commercial. There businesses going down the toilet.


  30. thank you

    i just wanted to get the word out we have wells fargo lieing and i am over it i will try it thank you. this has to end i am sick. they actually in one article lied to the oCC saying they never told this one home owner not to pay?? we cant all be lieing thieves please need some assistance in how to deal with this. how can they deny it?? i asked for it in writing and they refused.

  31. @ lies is all they tell, a problem with wordpress is that too many links or certain keywords will cause the moderation deal to kick in. If you post fewer links you’ll probably be OK.

  32. web site not allowing me to post links???

    It is great the protests are in the street but we must put pressure on mainstream media to express the real reason this has happened. everyone has forgotten about the kids. in their rush for riches it is the children that are suffering. it is the children who have to live in their parents car, in a homeless shelter, a friends home or with grand parents because dad hAS RAN OUT OF UNEMPLOYMENT AND MOM DOES NOT MAKE ENOUGH. when are we going to remember our children that are suffering. do you think for one minute the stress i am going through my kids are not effected. knowing we may have to leave our home . i feel like i am watching a episode of the twilight zone and rod sterling is missing replaced by the repulsive bankers a wall street tycoons whom have stolen our retirement security. i have enclosed links i have discovered about all this fraud. i am so sick and stressed its has caused me to become a diabetic. i want one of those bankers or wall street tycoon types to try and eat their sunday morning breakfast pancakes using sugar free syrup!!!!!!

  33. this web site is not allowing me to post this is a test

  34. Neil’s message is absolutely correct — a refusal to “address the essential problem that brought us to this brink: the banks’ manipulation of the housing market.” That is the root cause of future lost opportunity for our young.

    If Congress had not given away US industrial/manufacturing production to the rest of world, and promoted outsourcing of jobs, perhaps our country would have been able to withstand the housing collapse. Unfortunately, there is nothing left — and if and when the country does recover — it will be too late for even these young people.

    Oddly, it may even be too late for Wall Street to recover. There are not even jobs for our young on Wall Street. Wall Street destroyed itself.

    For those that gained by the fraud and manipulation (the “top” and CEOs and “investors”)— return it to homeowner victims and the country – you never had the right to keep profits by fraud.

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